市场竞争、银行信贷与上市公司商业信用  

Market Competition, Bank Credit and Trade Credit of Listed Companies

作　　者：王喜[1] 

机构地区：[1]嘉兴学院经济学院,浙江嘉兴314001

出　　处：《财贸研究》2011年第3期103-110,共8页Finance and Trade Research

基　　金：国家自然科学基金项目"信贷配给约束下的企业家异质性特征与中小企业信贷融资研究"(批准号:70872081);浙江省自然科学基金项目"基于企业家异质性的浙江民营企业商业信用融资行为研究"(编号:Y6110382)的资助

摘　　要：商业信用是企业特别是受到信贷约束的中小私有企业获得外部融资的一种重要方式。利用2004—2008年中国制造业上市公司数据,分析市场竞争与银行贷款对上市公司商业信用的影响。结果显示:市场竞争和应收账款正相关,和应付账款负相关;随着银行贷款的增加,企业的应收和应付账款都有所增加。Trade credits are an important external financing channel for firms, especially for private medium and small firms that suffer from credit constraints. Utilizing the data of listed manufacturing companies between 2004 and 2008, the thesis analyzes the impact of market competition and bank loan on the trade credit of listed companies. The results show：The market competition is positively correlated with the Accounts receivables and negatively correlated with the Accounts payables;Both the accounts payables and accounts receivables will increase with the increase of bank loans.

关 键 词：商业信用 银行信用 市场竞争 

分 类 号：F832.4[经济管理—金融学]